Cobra's Market View

Al_Dente wrote:

te_fern wrote:Boss, how does you vol look on IWM?

Bull 1/RVX
Bull 1/VIX

Thanks!

Boss, how does you vol look on IWM?

te_fern wrote:Al_Dente, noticed that RVX moved back below the 10 EMA on the daily chart. Would that normally imply a buy?

Since its a daily chart I should probably wait until the day plays out. The above is no longer true as of this moment.

Thanks BB52!!

Al_Dente, noticed that RVX moved back below the 10 EMA on the daily chart. Would that normally imply a buy?

Thanks Al_Dente, appreciate you providing your trading system and ideas. Let me think about the above and I'll come back with some questions and hopefully some trades. Been lurking on the board for a while, need to contribute some!
Have a good evening!

IWM broke 5dma QQQ broke 5dma SPY did not UPDATE SPY is testing its 5dma Boss, do you find the 5 DMA a better guide than the 8 DMA? If you had to pick one for day or swing trading. 5dma is such a closely watched ma, so it’s an important benchmark. But it is often too volatile for swing (too easy to...

Al_Dente wrote:

Al_Dente wrote:IWM broke 5dma
QQQ broke 5dma
SPY did not

UPDATE
SPY is testing its 5dma

Boss, do you find the 5 DMA a better guide than the 8 DMA? If you had to pick one for day or swing trading.

Al_Dente wrote:OIL
Credit Suisse will delisting its 3X long & 3x short crude oil ETNs: DWTI and UWTI on Dec 9th. Close all positions before then.

Thanks for the info Boss!

The Summation Index is moving up on a daily basis and VIX is still low.

Levered sectors performance so far this morning.

Trades with cats wrote:I just read the free updates, usually three times a week. This is for swing traders that can hold for weeks at a time.
http://www.pretzelcharts.com/

Thanks!!

Trades with cats wrote:A mostly Elliot Wave blog I follow is calling this a chop. They rmind us all that the purpose of a chop is to make trend followers give up before the major move.

Trades with cats, would you mind sharing the link to this blog? Thanks!

SERVO wrote:Ran into Unique in another trader board! He is now an analyst . Bright kid, with great future ahead of him:)

Hi Servo, what trader board did you see Unique on? thanks!

Nasdaq has AAPL at 103.64 as of 6:30.

Does anyone know where BullBear52x has been. He would love this market....

Unique wrote:Bears really need to break below minimum 1890 for the potential double top setup then can backtest lower supports. Currently, 1HRR 20EMA = 1881

Or else, bulls keep grinding higher like clockwork till EOD.

Welcome back Unique!

DellGriffith wrote:I am watching this astrologist in a chatroom and he has been nailing almost every day move hours in advance. Has been calling for a bottom in the next 5 minutes for a few hours.

Dell, what chatroom are you following him in?